Tether (USDT) is set to introduce a revolutionary tokenization platform to the public, announced Paolo Ardoino, the CEO of the stablecoin issuer. Ardoino describes the upcoming platform as a work of art, boasting its fully non-custodial nature, multi-chain capabilities, and extensive customization options. The platform will allow users to tokenize a wide range of assets, including bonds, stocks, funds, and even coffee shop reward points. It is a white-label solution that supports USDT, an asset valued at over $107 billion. Ardoino also reveals that the tokenization platform will integrate with Bitcoin layer-2 projects RGB and The Liquid Network. The team behind the platform is currently working on making it available on RGB, with other chains to follow suit. USDT, which maintains a 1:1 peg with the US dollar, holds the title of the largest stablecoin based on market capitalization. According to Ardoino, it is widely used as a digital dollar in numerous emerging markets, where it serves as the main checking and savings account for millions of people. Many individuals in these markets do not have access to traditional banking services due to their low income. This is a prime example of the real-world application of stablecoins. Earlier this year, Tether faced allegations from a UN-associated agency claiming that USDT was being used by criminals for money laundering and fraud in certain parts of Asia. Tether strongly refuted these accusations. Stay updated with the latest news by subscribing to our email alerts. Remember to exercise caution and conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Please be aware that all transfers and trades are undertaken at your own risk, and any losses incurred are your sole responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Kindly note that The Daily Hodl participates in affiliate marketing.
